- Client raise a minimum of $25m SBLC from a rated bank or from a non rated bank but to be confirmed by a prime bank. After pre-advice, funder provides a bank payment undertaking (BPU) for the agreed LTV.
- Funder monetize the sblc within 7 days and invest the LTV amount into trade program for an agreed period of time.
- Profit is minimum of 30% of invested LTV amount monthly.
- The rating of the bank determines the LTV. SBLC is returned unencumbered and unclaimed before Expiry.
Transaction Procedure. 1. Lessee Submits DOA, LOI, CIS, PASSPORT, Current dated Bank Comfort Letter, Copy of Certificate of Incorporation and Bank Details. 2. Provider will conduct Due Diligence and upon successful Due Diligence the DOA will be signed/counter signed between lessor and the lessee . 3. The Lessor will then send MT799 pre advice. 4. The Lessee’s bank replies with RWA / ICBPO or payment guarantee of 12+3 % and the transmission fees, payable in 5-7 business days after MT760 receipt . 5. The lessor’s Bank will then send the MT760 to Lessee’s bank 6. Lessee’s bank does MT103 wire transfer to Lessor’s designated bank accounts within 5-7 business days after MT760 swift receipt After Successful Due diligence, Lessor countersigns the LOI. The Signed LOI becomes a Legal binding Commercial Contract (agreement) between the parties. Both parties shall lodge the agreement in their respectiv...